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(4) If the Insurer decides not to renew this Policy, conditions renewal upon a reduction <br />of the Limit of Liability, eliminates coverages, increases the Retention, or increases <br />the rate upon which the premium is based more than 25%, the Insurer shall provide <br />written notice to the Parent Organization, and to the agent of record, at least 60 <br />days, but not more than 120 days, prior to the end of the Policy Period. The <br />notice shall include the reason for such non -renewal. <br />3. Clause XI. ACTION AGAINST INSURER is deleted and replaced by the following: <br />The Insureds may not sue the Insurer unless, as a condition precedent, the Insureds have <br />fully complied with all of the terms of this Policy. The amount of the Insureds' obligation to pay <br />must also have been fully and finally determined either by judgment against them after actual <br />trial or by written agreement between them, the claimant and the Insurer. Any person or <br />organization or their legal representative who has secured such judgment or written agreement <br />will be entitled to recover under this Policy to the extent of the insurance afforded by this Policy. <br />Nothing contained in this Policy will give any person or organization any right to join the Insurer <br />as a party to any Claim against the Insureds to determine their liability. The Insurer will not be <br />impleaded by the Insureds or their legal representative in any Claim. To the extent that <br />coverage is provided under this Policy, bankruptcy or insolvency of any Insured or any <br />Insured's estate will not relieve the Insurer of any of its obligations under this Policy. <br />All other terms and conditions of this Policy remain unchanged. This endorsement is a part of the Policy and takes <br />effect on the effective date indicated below. <br />Effective date of this endorsement: March 16, 2022 <br />If this endorsement is issued as part of the Policy on the Effective Date shown in the Declarations Page, then the <br />countersignature on the Declarations Page also applies to this endorsement. If this endorsement is not issued <br />with the Policy or takes effect after the Effective Date of the Policy, an Authorized Representative of the Insurer <br />must countersign in the space below to validate the endorsement. <br />PSNP1026CA (06/03) <br />By: <br />Authorized Representativ <br />RAMwuigmadDlMsian <br />E <br />REVIEWED & APPROVED BY. <br />e Aeevaa <br />'�--'Risk Management Specialist <br />